The Segezha Group’s Vyatka plywood mill in Kirov, Russia was experiencing a critical defect on the high-grade veneer the plant was producing.
The Bloomberg Nanos Canadian Confidence Index, a weekly composite measure of financial health and economic expectations, jumped to 45.4 last week from 42.9 a week earlier.
As Americans struggled to pay their bills in May, the result of the ongoing COVID-19 pandemic, U.S. mortgage delinquency rates rose to 7.76%.
The U.S. Census Bureau is reporting that sales of new single-family houses in May 2020 were at a seasonally adjusted annual rate of 676,000.
According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment in May increased in 49 out of 50 states and the District of Columbia.
The International Accreditation Service® (IAS) announced, on Friday 6/19, additional requirements for IAS-accredited organizations conducting inspections or testing of plywood products manufactured in Brazil.
Trade tensions between China and Canada have once again heated up and now logs are at forefront of a new dispute between the two countries.
According to the latest report released by Zillow, year-over-year housing inventory is now -17.1% below last year’s levels and there were -3.8% fewer new listings from the week before.
Tim Macklem, said that the bank remains focused on using its policy tools, including low interest, to support the recovery of the Canadian economy from the COVID-19 pandemic.
The National Association of Realtors® is reporting that total existing-home sales slumped -9.7% from April to a seasonally-adjusted annual rate of 3.91 million in May.